" ITREALMS: CBN: Our early exit package is voluntary - ITREALMS

Wednesday, December 04, 2024

CBN: Our early exit package is voluntary - ITREALMS

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The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff, reports ITREALMS.
CBN: Our early exit package is voluntary - ITREALMS
The Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, disclosed this as the outcome of extensive consultations with the Bank’s Joint Consultative Council (JCC), a body representing staff interests.

Mrs. Sidi Ali explained on Wednesday in Abuja that the EEP, a longstanding policy previously accorded to the executive cadre, and has now been made available to eligible staff at all levels.

“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she said.

Also, Mrs Sidi Ali reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded, which does not have potential repercussions for staff who may decline the package.

Further, she emphasized that the initiative is an internal corporate matter designed to promote career development for staff.

Remmy Nweke/DoP

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